New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-03
TIE PETROLEUM MARKET

xrws FROM THE FIELD AND RANGE or PRICES
Last weeks developments the oil country were bearsh
in character although sufficiently TO chinge the gem
era aspect situation. To make up for the gehrra de-
cping tendency Of OF the old production II would DO
necessary discover absolutely new field NO Danger OF
this kind apparent but tho new production pcing sus
tanned by rich yield OF the Rebod district which oegn'
ming TO meet expectations entertained regarding
II some time ago The wells handsome size and possess
fine staying qualities Tho pool may not prove to 10 much
larger developments asweek assured some extern
SION OF IT, gauge OF elbod compared with week ago
shows an lac barrels and Increase Ia the aV
era 70 mr. well OF barrels Tho figures Saturday
s77 barrels from SO wells Of g3 barrels per we'll
against barrels OF so barrels per wei mo
Saturday previous The Washington field enjoys sturdy
output through the wells and the tendency Is
now inward The gauge Of this pool Is 1903 barrels from
22l wells 1.-TWO wells torDeiocdl, average oil soS
barrels per well. against 1873 barrels from 2is
wells. an average barrels per well, the previous
week, and 9755 barrels fom PIT wells. an average
Of AZ barrels per we'll the week preceding that Never
the In spite and there and tho good
Ts; rs. s"S ssa 10 and ' H ss
heavy into the stocks Complete returns o az ING
500 0pO With day missing current pipe inc
Of S. 400 barrels in September 1856 and
oa ,s IN barrels aay average Of H. ss
against az 5o barrels 10 sso ana
cries Of s5s barrels daily average Of devere.
Of Ss cT1s Ss and ar Of
OF l24ss barrels in September 1889 The charter, for
daily average OF 43,4l7 barrels. 80. ..
Speculation National Transit ccrtlncates last wees
within limits The market was ureiy professional
and large part OF the time was IN the hands OF e pvko
who we're with fractional turns Early In the week
the market showed reactonary tendency aud there
wa. an irregular decline from $50. cents tobbS GEMS put
decline provoked no liquidation OF any consequenc anu
nur Interest when began GOV r
Ing toward the en- Tho result an advance
10 cents tre high than tho closing quotation OF ths
pre- week IL sig ncant that the beash news io
Butler County together with reports unf,vorable w the
OF oucers movement. npressoi values 50
ghty Tue shutdown movement does not appear 10 pc
over indeed there are free reports that the
increment s crian ally miscarry On the other han
have assured that no hitch mas oc
Cured satisfactory progress making ana they
express that the scheme has r,aehsd saSs
where cannot be abandoned Tho speculative situa'n
shows nblo strength but the market Is narrow ana
lis ed aud the developed TO full stature there
must that the producers able and WIZ ng 10
the drill foundation the maret II the etp'
that the output Is 70 he represssd or the pnros. o.
the present visible supply IL les IN the hans ol
tho mon vIsly interested whether that foundation
shall endure collapse The market closed strong NJ ps'
figures ., ,..,,. A., x.,ona,
The range Of prices and the total dealings IN Naonai
Transit tho Consolidated Stock ami Petroeu
Exclan &c for the last three weeks we're as fsowsi